.
MergerLinks Header Logo

New Deal


Announced

Completed

LLCP-backed Smith System completed the acquisition of Driver's Alert.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Completed

Majority

Private Equity

United States

Private

Security Services

automotive safety systems

Acquisition

Friendly

Domestic

Synopsis

Edit

Levine Leichtman Capital Partners-backed Smith System, a provider of training services, completed the acquisition of Driver's Alert, a provider of fleet safety management solutions. Financial terms were not disclosed. "We are pleased to add Driver's Alert's complementary capabilities to our industry-leading training methods, further supporting our market-leading position. Both companies share an unwavering commitment to the mission of saving lives and the tireless support of our customers. Our future together is very bright," Tony Douglas, Smith System CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US